Islamic Development Bank closed a $1.5bn sukuk deal on Thursday that it will use to fund member countries’ work in cleaning up the aftermath of Covid-19.

The rise of impact investing and environmental, social and governance strategies (ESG) have proved capital markets can be a driving force for positive change. Newmarket Capital, established to acquire and grow the structured solutions and impact-focused IIFC funds previously housed at Mariner Investment Group, is focused on strategies including development and infrastructure finance, socially responsible investments, and impact securitization. In partnership with Citi, the Newmarket team’s CITAH 2019 transaction securitizing affordable housing loans stands out as a prime example of accessing capital markets to address an urgent social need, earning our Most Innovative Securitization Deal of the Year for 2019.

Five banks and insurers from across Europe issued senior debt this week, including two in green bond format, as they tried to find opportunities in a choppy market. Athene Global Funding, Banco de Sabadell, Virgin Money, Santander and Hypo Noe all priced deals.

Hyundai pulled into the Swiss franc bond market this week with a three-year green deal that was priced with a substantial new issue premium (NIP). Elsewhere, nuclear energy provider AKEB sold one of the highest yielding bonds of recent weeks.

Green bonds made up the majority of the supply in the euro bank bond market on Thursday, with Hypo Noe and Santander capitalising on strong demand for the asset class.

China sold the first two tranches of its Covid-19-themed special treasury bonds this week, pricing the Rmb100bn ($14.1bn) notes well inside the treasury curve and market expectations. There are some fears about pressure on liquidity, given the total funding target of Rmb1tr, but market watchers said there is little cause for concern just yet. Addison Gong reports.

The US bank is showing its global credentials at a time of increased transatlantic tensions but European banks are equal to the challenge

FIG issuers have shown that investors are ready to absorb all the supply that comes their way

Investor tells GlobalCapital it liked the portfolio’s diversity, data depth and sustainability impact

Bank’s €1bn transaction is most granular so far and found new buyers

World Bank-managed issuer taps capital markets to accelerate donor pledges into Gavi vaccine programmes

Public pension schemes have sold shares in coal, oil and gas companies but are still funding expansion of the gas industry through infrastructure funds

New law expected to accelerate the dominance of professional landlords

Trade backed by lease, power purchase agreements as sector navigates regulatory changes

Nigeria plans a total return swap, following peers on the continent in the last 12 months

The DRC has a poor governance record but that doesn't mean things will end in tears for its investors

Demand allowed the bank to cut the yield by 35bp

The country offers huge potential and possible pitfalls for investors

Tej Singh leaves firm suddenly

Lower rates will need lower inflation — and an FOMC consensus

Leveraged loan prices have rallied from their post-war dip, with CLO demand remaining strong despite subdued LBO activity

US drug company Eli Lilly jolted the dollar market awake on Wednesday with an eight-part jumbo trade to fund two recent acquisitions

The US dollar market buoyant this week despite escalating hostilities in the Middle East

Redwood will be a repeat issuer